Sovereign Africa Ratings

Overview

This methodology presents a comprehensive overview of our rating approach for rating Regional and Municipal Governments (RMGs). The methodology provides market participants with valuable insights into the factors that determine the creditworthiness of RMGs, enabling them to make well-informed decisions. RMGs are vital governing bodies responsible for managing public services and facilities in specific geographic regions, states, provinces, and municipalities. Regional governments typically oversee the administration of public services and facilities such as transportation, public health, education, utilities and social services within a particular geographic area or province. These governments are headed by an elected governor or premier, who is responsible for the daily operations of the government and implementing policies that benefit the region.

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